Uniq Plc Share Discussion Threads

[brando69] 20/10/2010 11:25

RM posted endlessly on what a good investment UNIQ was. What i find strange is that when he decided differently, he was not equally vociferous.

[creddy] 20/10/2010 11:22

A longer term solution could (and possibly should) have been entered into.

cant imagine BT management (for example) even entertaining such proposals by its pension trustees, let alone accepting them. i suspect an element of coercion by various parties.

dont look for a scapegoat for your own shortcomings in investment/gambling decisions. there are a number of idiots on these boards who spout all kinds of ramping rubbish. I dont believe RM was one of them.

[brando69] 20/10/2010 11:16

plenty will now be waiting for food industry analysts in the city to give their take on this - it's hardly a conventional gambit, so folk will be seeking guidance. feel better about this than i did before the IMS anyway

[neverabanker] 20/10/2010 11:14

OK R&M - but as you said yourself you now own 10% of a reasonable company - and I agree the 30M will not be immediate - but the company itself IS profitable

[randolph and mortimer] 20/10/2010 11:08

Well, they won't be making £30m, especially for as long as they keep the desserts. After all the restructuring, Q3 2010 is equal to Q3 2009.

The cancelling of the annual contribution to the fund has boosted the bottom line enormously, which is the best bit.

[neverabanker] 20/10/2010 10:45

Well - it is sometime since I posted, but this morning's news has given me some real cause for hope that I will eventually get some of my money back. Why? I will explain.

Even with a dilution of90% and my holding savagely cut - this could be very good news.

For those ho have not followed the history - apart from the pension deficit which has crucified the share price, we now have a company of well in excess of 300M turnover, growing well, divested of loss making subsidiaries, invested in new technology, UK focussed and now highly efficient and well capabale of further growth and expansion. The potential profit of this company is in MHO at least 10% of the turnover and if growth continues more than that.

so what does that mean - well if there is no pension into which the profit must be poured and there are not crippling PPF levy's to be paid etc etc then today's share price is a serious bargain EVEN if they are diluted by 90%.- here is why.

If we assume that a PE ratio of a healthy company should be between 8 and 16 (some in the FTSE aremuch higher - but 12 would be average perhaps then please follow the rationale below carefully:-

assume 1.14B shares in issue (currently 114M) and profit of 30M

The value of the company in todays market is £8M (at a share price of 7p)
if there were 1.14B shares the value of each share today would be only 0.7p (obviously)
If the earnings were 30M, the earnings per share (of 1.14B) would be 2.6p
with PE being therefore 0.7/2.63 = 0.266 - this is absurdly low PE for any company.
So lets suggest that the share price of the 1.14B shares was the same as today for the 114M shares - this would give a PE of 2.66. Still extremely low for a profitable growing company.

so what if it was in the normal range - i.e. 8-16.

well - a PE of 8 would give a value to the 1.14B shares of 21p
a PE of 12 would be 31p and a PE of 16 would be 42p.

By my reckoning even if you hold the undiluted shares therefore there is a potential of a 3-6 bagger in the next 2 years. If you don't have my belief that 30M is an easily possible earnings target - then do the sums on 10M profit - that will make them worth 7-14p TODAY.

I for one will therefore be holding. Please DYOR and your own sums - I do not want to be tarred with RM's brush - I am not ramping , I am a holder who should have sold a year ago and was greedy - but at last I see a real chance even with savage dilution that I will actually get my money back ad possibly a litle premium as well. I hope I am right - good luck to those who held on like me - now is not the time to sell and for some it culd be a great opportunity to buy even before the dilution.

[golla] 20/10/2010 09:40

So what now for shareprice?

[jack1236] 20/10/2010 09:29

They can buyback what % ? for £25m to £30m at a set price.

[randolph and mortimer] 20/10/2010 09:14

The company is £456m better off. One now has 10% of a reasonable company.

[2viewer] 20/10/2010 08:39

there is a buy back facility but it does look fairly bleak for your average PI imho

[cyberbub] 20/10/2010 08:27

Guys, I presume this means that existing shareholders will be wiped out?

[brando69] 20/10/2010 08:05

if you watched The Wire (season 3) there was an interesting definition of a 'rainmaker'. Stringer Bell paying a city counciller to get him various permits etc for property development projects, on the basis that he is supposed to be connected to all the right people. He isn't. If the permits are approved he takes the credit. If they aren't he cites some unexpected problem that can be solved (but will take more money). In the words of his lawyer, Stringer Bell has been 'rain made'....

[psolomons] 20/10/2010 08:01

On rainmaker. Evidence has shown he didn't have a clue what he was talking about. He spoke with great authority that the pension deficit was being reduced to zero with the improvement in stock markets. He was clueless then and I suggest no-one ever make an investment decision on his advice for any other poster for that matter.
Rainmaker did some good research, which he shared, but he also made some very basic and fundanental mistakes.
As always DYOR.

[stevi111] 20/10/2010 08:00

The 10% us shareholders keep will probably be worth more than the current shareprice (Without any pension deficit) IMO !

[2viewer] 20/10/2010 07:52

multiply by 1/10th

sales figures are good....but the company in effect is not working for 'itself'

[granada7] 20/10/2010 07:51

theyve virtually given the company to thew pension fund.

So divide any profits by 1/10th!!!

[2viewer] 20/10/2010 07:50

90% equity in company to go to pension fund if it gives up its claim to the company from my understanding.

other thoughts?

[brando69] 19/10/2010 23:53

What are you on about?

Do you really want to use Smith as evidence for whatever trumped up nonsense you've decided to accuse me of?

I was on 'Smith's list' because of a single post chiding him for bullying another poster. That's it. No more than that. The fact that he then decided to include me in his silly and ultimately doomed lawsuit was proof of just how ill-conceived it was.

I didn't need to hide behind anyone.

But you digress... which are these multiple aliases that I am supposed to be using?

If you fail, one more time, to respond on that very specific question, I'll take it as a tacit acknowledgement on your part that you were wrong to suggest it.

[zorija] 19/10/2010 20:58

Loverat,
Don't forget D.B.!!!
ZZZ

[loverat] 19/10/2010 20:57

You may remember that Smith had you on his list.

I was there,

But where were you?

Hiding behind others no doubt.

[brando69] 19/10/2010 18:25

zulu - you're quite right - i am more an investor than trader - taken me a while to find that out - and to my cost.

i'm generally pretty good at spotting shares which are set to rise. my problem is that i then hang around far too long. uniq a fine case in point.

that said if i hadn't hung around in NTA so long I wouldn't have got myself a five bagger - so it's swings and roundabouts i guess.

my best successes have been on AIM - two 'respectable' Main listed cos have cost me dear in my ISA.